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Universal Pictures. Universal City Studios LLC, doing business as Universal Pictures (informally as Universal Studios or also known simply as Universal) is an American film production and distribution company that is a division of Universal Studios, which is owned by NBCUniversal, a division of Comcast . Founded in 1912 by Carl Laemmle, Mark ...
MCA Inc. (originally an initialism for Music Corporation of America) was an American media conglomerate founded in 1924. Originally a talent agency with artists in the music business as clients, the company became a major force in the film industry, and later expanded into television production.
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Nov 27, 1990 · 1959: MCA pays $11.5 million for the 420-acre Universal Studios complex in the Cahuenga Pass overlooking the San Fernando Valley. 1962: MCA purchases Universal Pictures and its parent company,...
The company decided to divest itself of its talent agency, concentrate on feature-film production under the Universal Pictures name, and branch out into non-entertainment fields to compensate for the loss in agency revenue.
In December 1958, MCA, Inc. purchased the Universal City Studio Lot. MCA's Revue Television Productions relocated to Universal City, and Universal Pictures then leased back its property from MCA. This arrangement lasted three years, until MCA and Universal officially merged in 1962.
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In December 1958, MCA, Inc. purchased the Universal City Studio lot for $11 million. MCA's Revue Television Productions relocated to Universal City, and Universal Pictures then leased back its property from MCA.
